Day: March 9, 2025

Egyptian real estate developer Il Cazar has announced a partnership with STM Investment, a diversified Egyptian company specializing in real estate development, education, clubs, shopping malls, investments, and technology. This collaboration aims to launch a series of real estate projects featuring ready-to-deliver units in East Cairo, with the first project,…

Chairperson of Mazaya Developments, Mohamed Allam, emphasized the critical role of calculating a company’s final cash income after deducting expenses and costs from revenues. The resulting positive or negative balance ultimately determines a developer’s financial strength, execution capabilities, and ability to complete projects. Allam highlighted that daily operational expenses—such as…

The Administrative Capital for Urban Development (ACUD) and the Embassy of the Republic of Côte d’Ivoire in Cairo have signed a land sale agreement for a 5,000-square-meter plot, where the new embassy headquarters and the ambassador’s residence will be constructed in the Diplomatic District of the New Administrative Capital (NAC).…

Al Ismaelia for Real Estate Investment has announced its 2025 strategy, reinforcing its commitment to revitalizing Downtown Cairo as a leading cultural, touristic, and investment destination. The company unveiled several transformative projects at a memorial event marking the 130th anniversary of Khedive Ismail’s passing, including the Mazeej Hotel, the launch…

Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny stated that the ministry is continuously working to develop the real estate sector to drive economic growth and provide suitable housing opportunities for citizens. This effort includes future strategies to enhance Egypt’s real estate market by removing obstacles to the establishment…

President Abdel Fattah Al-Sisi met with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk on Sunday to discuss the state’s financial performance indicators and the key features and targets of the upcoming fiscal year (FY) 2025/26 budget. The new budget project includes an increase in allocations for the “Takaful”…

Prime Minister Mostafa Madbouly held a meeting Sunday evening to review the implementation of the first phase of the ‘Decent Life’ presidential initiative, aimed at developing rural villages across Egypt. During the meeting, Madbouly reaffirmed the government’s commitment to monitoring the initiative’s progress. He emphasised the importance of ensuring projects…

Hadayieq Company, the entity overseeing the redevelopment, management, and operation of Giza Zoo and Orman Garden, showcased the final design of the revitalization project at ITB Berlin—the world’s largest tourism exhibition—held from 4 to 6 March 2025. The company announced that the official reopening is scheduled for September 2025. Hadayieq…

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has directed the Central Bank of Egypt to reassess the credit classification of an industrial zone in Qantara East. Given its current high-risk designation, the review aims to support business continuity and enhance industrial development. During…

Egypt has secured second place in Africa’s solar energy rankings, climbing up five positions with an installed capacity of 707 megawatts (MW) by the end of 2024, according to the Solar Energy Industry Association in Africa. According to a report by the International Energy Agency (IEA) released on Saturday, March…